Betting On Mineral Water Bottle

Spritzer Berhad operates in three business segments: manufacturing, which includes the production of natural mineral water, carbonated flavored water, distilled water, drinking water, non-carbonated flavored water, polyethylene terephthalate (PET) pre-forms, PET bottles, caps and toothbrushes; trading, which includes the sale of bottled water and other consumer products, and others, which includes investment and properties holding.

Recently, its share price has fallen to a new low, thereby presenting potential opportunity  for a potential trade rebound. Setting a possible trade setup at a possible entry point of $2.18 with a target price of $2.50 and possible stop loss at $2.05, one may achieve reward-to-risk ratio of in excess of 2 time if everything goes according to plan.

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Z-score testing indicates that this stock is currently in a possible oversold position:

Spritze_ZScore.png

Based on Equity Rating Scorecard, this Company appears to be rated reasonably fair:

Equity Scorecard_Spritzer

Nevertheless, one should be aware of the Company’s challenging operating environment as summarised by Management:

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DISCLAIMER: THIS IS A PERSONAL BLOG AND SHALL NOT BE RELIED IN WHATSOEVER MANNER BY ANYONE. ALL ARTICLES CONTAINED IN THIS SITE ARE STRICTLY FOR INFORMATION AND ILLUSTRATIVE PURPOSES ONLY AND DOES NOT PURPORT TO SHOW ACTUAL RESULTS. IT IS NOT, AND SHOULD NOT BE REGARDED AS INVESTMENT ADVICE OR AS A RECOMMENDATION REGARDING ANY PARTICULAR SECURITY OR COURSE OF ACTION. SOURCES USED IN THIS SITE HAVE NOT BEEN INDEPENDENTLY VERIFIED FOR ACCURACY, COMPLETENESS AND TIMELINESS. YOU SHOULD SEEK INDEPENDENT AND PROFESSIONAL INVESTMENT ADVICE IN REGARD TO YOUR INVESTMENT DECISIONS. THE AUTHOR MAY HOLD POSITIONS IN THE SECURITIES MENTIONED IN THE ARTICLES.

Author: Ken Utau

Data Scientist, Markets Analyst and Food Lover

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